1984 (9) TMI 83 - AT - Income Tax

Summary

The Appellate Tribunal ITAT ALLAHABAD-A allowed the assessee's claim for bad debt of Rs. 9,187, despite a pending civil suit for recovery. The Tribunal held that the debt had become bad based on the circumstances and materials on record. The appeal by the department was dismissed, and the AAC's decision was upheld. The assessee's cross objections were also dismissed as infructuous.